Arkema SA

AKE

Equity

ISIN FR0010313833 / Valor 2536519

Euronext - Euronext Paris (2024-12-24)

EUR 71.00+0.42%

Arkema SA
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About company

Arkema SA is a global company that specializes in designing materials and innovative solutions. Established after the spin-off of Total SA's chemical branch, formerly Elf Atochem, Arkema has grown to become a key player in the chemical industry. With a presence in Germany through various acquisitions and subsidiaries, Arkema continues to expand its reach and offerings. The company is listed on the Paris stock market and employs around 400 people in Germany. Arkema's focus on developing cutting-edge materials and solutions underscores its commitment to driving innovation and meeting the evolving needs of its customers worldwide.

Summarized from source with an LLMView SourceSector: Industrials

Sales Growth

In the third quarter of 2024, Arkema SA reported sales of €2.4 billion, marking a 2.9% increase year-on-year. This growth was supported by a 2.2% rise in volumes, despite a challenging global demand environment, particularly in Europe. Certain markets such as energy, sports, healthcare, and packaging contributed positively to this performance.

EBITDA Performance

Arkema SA's EBITDA for the third quarter of 2024 increased by 5.4% to €407 million, compared to €386 million in the same quarter of the previous year. This improvement was driven by strong growth in Adhesive Solutions and Advanced Materials, along with better resilience in the US and Asia.

EBITDA Margin

The EBITDA margin for Arkema SA rose to 17.0% in the third quarter of 2024, up from 16.6% in the third quarter of 2023. This increase reflects the quality of the Group's positioning and technologies, its balanced geographical footprint, and strict management of its operations.

Adjusted Net Income

Arkema SA's adjusted net income for the third quarter of 2024 slightly decreased to €168 million, equating to €2.25 per share, compared to €2.38 per share in the third quarter of 2023. This slight decline indicates some pressure on profitability despite the overall positive sales and EBITDA performance.

2024 Outlook

For the remainder of 2024, Arkema SA anticipates a continued challenging macroeconomic environment with limited visibility and weak demand. The Group aims to achieve an EBITDA at the lower end of its guidance range of €1.53 billion, focusing on strict cost management and optimizing working capital. Additionally, Arkema is preparing for the acquisition of Dow's flexible packaging laminating adhesives business, expected to close by the end of the year.

Summarized from source with an LLMView Source

Key figures

-30.6%1Y

-41.2%3Y

-26.4%5Y

Performance

26.0%1Y

30.1%3Y

31.6%5Y

Volatility